Causes of Low Per Capita Output: 5 Causes | LDCs
The following points highlight the five main causes of low per capita output. The causes are: 1. Low Rates of Saving and Capital Accumulation 2. Shortage of Skilled and Educated Workers 3. Lagging Technological Know-How 4. High Population Growth and Unemployment 5. Political Instability and Government Policies that Discourage Production. Cause # 1. Low Rates of Saving and Capital Accumulation: [...]